Hudson Valley income rose 4 percent in 2011: Marist report

POUGHKEEPSIE, N.Y. - Total Hudson Valley income was up in 2011 due mostly to a rise in wages, salaries, and benefits, but trailed state and national gains, according a report from the Bureau of Economic Research at Marist College.

The report, "Total Personal Income 2011," shows that incomes, including wages, salaries, and benefits; interest, dividends, and rents; and transfer payments (government and private benefit programs) rose a total of 4.05 percent to $133.52 billion in 2011.

"The region has seen a steady, albeit slow, recovery from the Great Recession," said bureau director Christy Huebner Caridi. "Consistent with long-established patterns, the region's recovery is uneven, with counties closer to New York City remaining above state and national levels, in terms of income, while more rural counties fall below those marks."